we are flat | 31 Mei 2022

31 Mei 2022, EUR/USD

we are flat

Technical observation

On the weekly chart above price has been trading with an increasing bullish bias for the past two consecutive weeks and this week I expect a continuation of this upwards movement towards the resistance zone 1.1541-1.1495. My advice, remain flat and wait for a correction to the zone I have indicated above to sell EUR with your take profit at 1.0405 and stop-loss at 1.1884. As long as price is sustained below the zone 1.1541-1.1495 I can only recommend short positions, however, in case of a clear break above the same zone with a big green candle, I expect bullish movements of price towards the level 1.2540.

Trade recommendation

Wait for a correction to the zone 1.1541-1.1495 to sell EUR.

Imelda Maseno
Analyst of «FreshForex» company
Setuju dengan review?
opini pedagang:
Close
Masuk
Browser Anda tidak mendukung kue. Jika cookie dinonaktifkan di browser Internet Anda, Anda mungkin memiliki masalah dengan render daerah Pribadi. Cara mengaktifkan dukungan cookie.
manager photo manager photo
Online-support
Dengan senang hati, kami akan menjawab pertanyaan Anda

Tulis

Get bonus